Announcement Concerning Commencement of Tender Offer for Toyo Engineering Works, Ltd. Shares

Tokyo, May 31, 2013 - Mitsubishi Heavy Industries, Ltd. announces that, upon resolution of the Board of Directors' meeting on May 30, 2013, it decided to acquire common shares of Toyo Engineering Works, Ltd. (listed on the Second Section of Tokyo Stock Exchange, Inc. under the code number 6443) through tender offer. Details are attached.